Billions in Chips Grants Are Expected to Fuel Industry Growth, Report Finds
Billions in federal subsidies for semiconductor manufacturers are expected to help reverse a decades-long decline in America’s share of global chip manufacturing.
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Billions in federal subsidies for semiconductor manufacturers are expected to help reverse a decades-long decline in America’s share of global chip manufacturing.
Federal officials will provide up to $120 million in grants to Polar Semiconductor to help the company expand its chip manufacturing facility in Minnesota, the Biden administration announced on Monday, the latest in a string of awards meant to strengthen the U.S. supply of semiconductors.
Around 6:30 every morning, David Richardson is usually awakened by the swelling sound of traffic. Steps from his front yard, thousands of cars rumble past each day as they travel along the Kensington Expressway, an expansive six-lane highway that slices through his neighborhood on Buffalo’s East Side.
President Biden, building on a week of favorable political developments, plans to announce on Thursday that his administration will provide up to $6.1 billion in grants to Micron Technology, the latest federal award intended to shore up the nation’s domestic supply of semiconductors.
The Biden administration will give up to $6.4 billion in grants to Samsung, one of the world’s largest chipmakers, the latest in a slew of awards intended to shore up domestic production of cutting-edge semiconductors.
More resources are needed to investigate and prosecute individuals who stole billions in pandemic relief funds, the Justice Department said in a report on Tuesday.
The Biden administration will award up to $6.6 billion in grants to Taiwan Semiconductor Manufacturing Company, the leading maker of the most advanced microchips, in a bid to bring some of the most cutting-edge semiconductor technology to the United States.
Phyllis Jackson, a retired administrative assistant in Monroeville, Pa., signed up for home internet service for the first time in about two decades early last year. She now regularly uses the internet to pay her bills online, buy clothes, find new recipes and learn about her medication.